Foreclosure Growth in Ohio, 2008

April 10, 2008

Foreclosure Growth in Ohio, 2008

April 10, 2008

Ohio's foreclosure crisis continued to worsen in 2007 with another 6.7 percent increase in filings from the year before, according to the annual study issued by Policy Matters Ohio. Overall, there were 84,751 new foreclosure filings in 2007, up from 79,435 in 2006. The study includes filings in state courts reported to the Ohio Supreme Court and filings in Ohio's two federal district courts. Foreclosure filings grew by double-digit rates in 39 of Ohio's 88 counties, and state-wide have more than quintupled since 1995. Cuyahoga County led the state once again in foreclosure filings per person, followed by Montgomery, Summit and Lucas counties.